Group Disability Insurance

Group Disability Insurance
Group Disability Insurance

Group disability insurance provides coverage for either short term or long term disability. This type of coverage is of great value for the employer as well as the employee. As a company, your employees are your most valuable asset. Of course, you want to offer them the best coverage you can. Group disability insurance will provide for their income, usually a percentage of their regular wage, if the employee becomes disabled and cannot perform his regular duties.

What types of Group Disability Insurance are there?

There are two types of group disability insurance. Both types of group disability insurance play an important role for any employee hurt or injured while not on the job.

The first type of group disability insurance is called Short Term Disability (STD). This type of coverage provides a portion of the employee’s income to be paid for a short period of time. It will usually begin coverage after all sick days and vacation days have been used. This type of group disability coverage can give your employee the needed peace of mind that he can continue to pay for needed expenses, and concentrate on recovery so as to be able to return to work in a short period of time.

The second type of group disability insurance is Long Term Disability (LTD). This type of group disability insurance will also cover a percentage of your employee’s wage in the event of a more extensive, serious illness or accident. It is usually expected that it will take a much longer period of time for the employee to recover and return to work.

Why user Stream Benefits Group Insurance for your group disability insurance?

Stream Benefits Group wants to help you find the right group disability insurance plan that will benefit both your company and your employees. Being home based in the St. Louis and Kirkwood area gives us the needed background and resources to fit your needs. Give us a call and let us discuss with you what the best options are in regard to your company’s group disability insurance needs.